ADI - Adelphi Energy

estseon · 24 December 2009

Happy Christmas to one and all and fingers crossed for a wealthy 2010.

The new design wells will be the ones to watch, IMO. From the news releases it sounds as though expectations for Kowalik are a little subdued. But a good result from the mini multi-frac of the short cemented liner section might herald good prospects for Weston.

Agentm · 24 December 2009

have a great christmas estseon

at least on this forum there are not clowns signing their forum names at the end of each post, trying to sound like know alls and actually knowing zip, and constantly degrading a company day and night. its a great forum here with well managed moderators keeping things in check..

enjoy the great day tomorrow and the new year..

to all holders in adi, with the 3 wells about to be stimulated, that will achieve some positive momentum, and its obvious that there are many well permits being redesigned and planned for 2010. 10 are scheduled by hilcorp

adi is definitely in a position where they can afford to stay in this play, at a manageable level and have not the issues of overreaching their ability to fund the future exploration and development. as much as many many opportunities have presented to adi to expand into the sugarkane, with more acreages, and higher %, adi have steadfastly kept their approach to the play in a very level headed manner..

keeping my cash in this one while tcei and hilcorp explore, and while conoco keeps its objective on the play in mind as a major exploration program for the coming years..

merry christmas all..

Agentm · 30 December 2009

kowalik 24 hours ago..

activity on kennedy atm also, just preparatory works

nice to have kowalik frac underway this week.

jancha · 30 December 2009

Agentm said:
kowalik 24 hours ago..

activity on kennedy atm also, just preparatory works

nice to have kowalik frac underway this week.

Nice pics Agentm.
Just out of curiousity where did you get them from?
3 announcements to look forward to.
A bit like a baseball game. 3 wells & 3 strkes your out. (well i'm out) Hopefully 3 home runs with this.
Either way at least it's happening.
Exciting times ahead.

Agentm · 30 December 2009

good friend of mine in houston, who is a ranch owner very close by.

was there a few days back.. took out some time to take the photos, very much appreciated

30 December 2009

Company Announcements Platform
Australian Stock Exchange Limited
Exchange Centre
20 Bond Street
SYDNEY NSW 2000
Via ASX Online

COMMENCEMENT OF KOWALIK #1H FRACTURE STIMULATION PROGRAM

Adelphi Energy Limited (Adelphi) advises that fracture stimulation operations on the Kowalik #1H well commenced on 28 December 2009 (US CST), with the stimulation of approximately 3,800 feet of the slotted liner section presently underway.

Following stimulation of this section with a single large treatment, the remaining 850 ft of conventional solid liner will be treated in four stages with an isolation plug between each one.

This program will take approximately seven days to complete following which the well will be cleaned up, completed for production and flowed to sales.

Further details of this operation were provided as part of the ASX release dated 22 December 2009 which is available on the Companys website at www.adelphienergy.com.au.
A further announcement is expected to be made upon the completion of this fracture stimulation operation on the Kowalik #1H well.
__________________________________________________
Adelphi currently (pre-farmout) has a 20% working interest in the Sugarloaf AMI.

its been going for a day now.. practically 2.. so 5 days and they clean it up and produce.. monday - tuesday its all done..

jancha · 30 December 2009

Agentm said:
good friend of mine in houston, who is a ranch owner very close by.

was there a few days back.. took out some time to take the photos, very much appreciated

30 December 2009

Company Announcements Platform
Australian Stock Exchange Limited
Exchange Centre
20 Bond Street
SYDNEY NSW 2000
Via ASX Online

COMMENCEMENT OF KOWALIK #1H FRACTURE STIMULATION PROGRAM

Adelphi Energy Limited (Adelphi) advises that fracture stimulation operations on the Kowalik #1H well commenced on 28 December 2009 (US CST), with the stimulation of approximately 3,800 feet of the slotted liner section presently underway.

Following stimulation of this section with a single large treatment, the remaining 850 ft of conventional solid liner will be treated in four stages with an isolation plug between each one.

This program will take approximately seven days to complete following which the well will be cleaned up, completed for production and flowed to sales.

Further details of this operation were provided as part of the ASX release dated 22 December 2009 which is available on the Companys website at www.adelphienergy.com.au.
A further announcement is expected to be made upon the completion of this fracture stimulation operation on the Kowalik #1H well.
__________________________________________________
Adelphi currently (pre-farmout) has a 20% working interest in the Sugarloaf AMI.

its been going for a day now.. practically 2.. so 5 days and they clean it up and produce.. monday - tuesday its all done..

Yes it nice to see a visual of a project coming along.
Thanks for passing it on & sharing with other ASF users.

Sdajii · 30 December 2009

jancha said:
3 announcements to look forward to.
A bit like a baseball game. 3 wells & 3 strkes your out. (well i'm out) Hopefully 3 home runs with this.
Either way at least it's happening.
Exciting times ahead.

Cute analogy.

We still don't know if it's going to go good or bad, but at least we have a timeframe, and the exciting times are now very close! I see the speculation has pushed the share price back up (though still below what I paid!). Not long now before it is either much higher or much lower

estseon · 31 December 2009

Best wishes for a happy and prosperous new year to all and special thanks to agentm for his tireless research and for sharing it with us.

A poster on ADVFN has reported that TCEI has finally secured approval for Easley 28-1.

Hopefully we are now at the end of the beginning.

Father Ted · 31 December 2009

Estseon,

"That poster" on ADVFN, would like to wish you, Agentm and all those who are still with very much with The Kane, a healthy and prosperous New Year.

all the best

Father Ted

Agentm · 1 January 2010

the first stage is nearing its completion

while the first frac on the slotted liner was underway, a second frac crew pulls up ready to go in and set up after the first crew leaves

kowalik

about 48 hours ago

jancha · 1 January 2010

Agentm said:
the first stage is nearing its completion

while the first frac on the slotted liner was underway, a second frac crew pulls up ready to go in and set up after the first crew leaves

kowalik

about 48 hours ago

That's exciting stuff Agentm.
As Big Kev would say " I'm Exicited"
I just hope ADI shares dont end up where he did.

Agentm · 1 January 2010

jancha said:
That's exciting stuff Agentm.
As Big Kev would say " I'm Exicited"
I just hope ADI shares dont end up where he did.

why is it exciting?

its just a detail of the ops

big kev imho has zip to do with the ops in karnes

pretty weird comment i think..

whats your point here???

estseon · 1 January 2010

Father Ted said:
Estseon,

"That poster" on ADVFN, would like to wish you, Agentm and all those who are still with very much with The Kane, a healthy and prosperous New Year.

all the best

Father Ted

Sorry Father - didn't mean any offense - just had not seen you post on this site. Very grateful for your research contribution.

A happy and prosperous 2010 to you, fellow ADI investors and other posters on this BB.

jancha · 2 January 2010

Agentm said:
why is it exciting?

its just a detail of the ops

big kev imho has zip to do with the ops in karnes

pretty weird comment i think..

whats your point here???

It maybe just a detail of the ops to you but for me it's showing the depth of activity going on there.
I'm excited with the prospect of good news within the next week.
Whats my point here?
Does everything have to have a point?

Agentm · 2 January 2010

jancha said:
It maybe just a detail of the ops to you but for me it's showing the depth of activity going on there.
I'm excited with the prospect of good news within the next week.
Whats my point here?
Does everything have to have a point?

sorry about that post the other day. my apologies. just a bad day/year for me..

its going to be very interesting for many as to whether this damaged well can perform to its clean up ip that it had such a long time ago before the massive mud hits and the disaster that ensued with the clean up of that by pumping the mud back into the formation..

the excitement will be building for many holders no doubt once these ops have gotten through to the final stages and they start drilling out the plugs and getting all the sections to flow, with that will come some intense flaring and following that some reporting on the ip..

the rrc just gets more permits, eog are very very active and constantly drill, and despite azz declaring a discovery for eog resources in mcmullen, the company itself has yet to confirm officially to me nor to anyone else what their interest is in the eagleford, but unofficially i am hearing very high numbers.

whether we can believe the market which has priced the sugarkane at a very conservative price of about 10% of its immediate potential, we will inevitably see punters become warmed to the share and see its value if the tcei hilcorp fracs become a commercial reality.

when you consider there was just a massive stimulation of 3800 of chalks and now some 850 feet of well will get a 4 stage multifrac, theres reason to have some mild optimism, whether its outcome can remain at a market priced 10% chance or not will soon be known..

there is another small cap oiler harping on about the eagelford having some 100% success rate in with wells drilled into that formation, that kinda bodes well for kennedy which is deemed to be sitting too low in the chalks and very likely to be in the eagleford shale also..

good luck to all holders

Lucky_Country · 3 January 2010

Well is tomorrow D day for results on Kowalik ?

Its been a long wait for this to come to fruition and many have held right the way through and have topped up at very low prices.

I for one will be immensely looking forward to positive results wether it be tomorrow or sometime during the week.

Operations are definately ramping up an with a partner like Hilcorp the seem very keen on getting things moving !

Could be a great 6 months with ADI

adobee · 4 January 2010

I am just really excited that there is something happening here... good or bad we will have some market moving news so I can expect some action... Things certainly heating up in ADI...

Agentm · 4 January 2010

adobee said:
I am just really excited that there is something happening here... good or bad we will have some market moving news so I can expect some action... Things certainly heating up in ADI...

yeah its interesting all right

i have been told there was a pretty huge frac operation that took place when the multistage was done..

there is talk of flaring being seen at kowalik, but this is not something that is has been seen first hand from the people i really trust in terms of information flow, but if its accurate then its certainly promising

it would indicate that the frac is most probably completed and the well is the process of plugs being removed and cleaning up.. there is usually a lot of flaring during that phase, but the well is hooked up to pipeline, so production can be commenced during clean up also

its really guessing atm, but i would be pleased if the well is cleaning up and producing..

good luck to all holders

and its all imho and dyor.. info is very much unconfirmed and very much second hand.. may know more tomorrow if the jvp does not announce beforehand in any case

EEE · 4 January 2010

Hi All,

Just a quick couple of questions as I am trying to develop an exit strategy for ADI but lack the knowledge that numerous other posters on this thread possess of the specific oil and gas industry (you all know who you are and I along with everyone else thank you for sharing your thoughts and keeping us all up to date on a regular basis. Of course an honourable mention goes out to Agent M)

I bought my first batch of ADI in Nov 2006 for 0.625c, rode them up to .88 cents and back down to what they are today. My faith in the share has been rocked a number of times as I'm sure a lot of peoples have but I have continued to add to my position taking into account the postings I have read and the education I have received on a lot of areas of the oil and gas industry and companies involved in the Sugarloaf. I need the share to get to .26 cents to break even so I'm feeling relatively safe.

I have now been considering adding to my position once again if the Kowalik results come out postive. I was wondering if anyone else was thinking of doing the same. Does it mean if Kowalik flows well than the other two have a higher probability of doing the same or am I way off? Are prices likely to spike as soon as the announcements are made or will there be expected to be a gradual increase/decrease if the news comes out either way.

Anyones help would be appreciated as it really looks like the next couple of months will be the time I let go of my ADI. Its been a hell of a ride and I'm sure if things go well, subsequent wells will increase the sp but I've waited long enough.

Fingers crossed and lots of positive thinking

EEE

PS - sorry this has turned into an epic but hopefully this also helps some of the other amateurs like myself who are struggling with an exit stratey.

Agentm · 4 January 2010

no one can nor will advise

simply put, advising on shares is not a part of what the asf condones

many are adding in these pretty astonishing days of very low sp.. and equally you have to assume the ones exiting have their own reasons and strategy

a while back some major holders were exiting, so plenty of shares were on hand for a great price, i know i took some up..

exit when ever you feel its right, but no one can advise on what you asking..

hope it helps.. i know its not going to give you any answer you need

the sugarkane is a project conoco is often mentioning and is part of their 2010 strategy.. i am investing on that basis, if cop pulled out for instance so would i have.. there is nothing different about our sugarkane acreages compared to any other conoco holds in the immediate region

looking forward to any future promise of a solve to this formation and some positive announcements of success.. we need some change on this share, its long overdue, being in the mid teens is just so undervalued, still only 10% priced into the share atm.. adi will take its time and announce only facts,, no ambiguity is necessary.. one thing is certain, the sp is not in the clouds like some other eagleford operators atm,, and the shareholders here have 3 laterals free carried and 3 wells to come free carried.. there wont be any need for capital like many small caps would need to get with their large % in the eagleford.. and the company is totally able to deal with the % of sugarkane it owns.. where as many others are totally out of their depth, with no oilmen on board with the management skills or ability to deal with on their plates.. and totally reliant on a buy out or they will fall over..but great days ahead on any success in the upcoming and present wells for adi

good luck to all holders

ADI - Adelphi Energy

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